Hey guys I just came across this on another bb, apparently there is a scandalous practice going on here in the UK, whereby they may at times BORROW our own shares (unbeknown to us) to do their devious short selling activity on a share!!!
I didn't know, but if it is true it's SHOCKING and really deserves a legal challenge. However in the meantime we lowly private investors have a way to stop short selling on our company, by placing a limit order sell (whatever amount way above current price) which prevents our shares being temporarily borrowed by our broker for other activities. If many of us do it it could actually improve the 'long' performance of our shares.
Precious metals investors are investing in silver now at a higher rate than gold – and the price is rewarding them.
The physically backed iShares Silver Trust (NYSEARCA:SLV) took in $88.2 million in new money last month, according to data from IndexUniverse. UBS expects holdings in major silver exchange-traded funds (ETFs) worldwide to grow by 10 million ounces (311 tons) this year.
That’s a stark contrast to the $227 million of outflows in the gold-backed SPDR Gold Trust (NYSEARCA:GLD) and $6.66 billion among fixed-income funds. - - - - - Fresh rallies in silver and gold were stirred last month as scores of market participants flocked to risk-off trades. Gold futures climbed 6% in August and are up a stellar 12% since June.
Yet, compared to silver’s more than 20% gain over the same period, gold’s gains look dull.
After a steep 32% decline from January to June, silver prices gained 21.3% in August amid bargain hunting, renewed interest, and frenzied demand. The white metal continues to show strength and remains on pace to log its first quarterly gain since Q3 of 2012.
And silver ETFs were the best performers of the group in August.
Sentiment toward investing in silver has changed drastically since earlier this year when investors fled from the precious metal as stocks soared to record highs.
But recent geopolitical tensions, U.S. debt issues, and worries over a market crash have made investing in silver a smart option – and it’s turning more heads than gold.
Moreover, gold prices are likely to remain under pressure near term as uncertainty lingers regarding the timing and pace of the U.S. Federal Reserve‘s plan to scale back its share-price-driving stimulus programs. Since the first mumbling of a quantitative easing (QE) taper, gold prices have skidded some 18%. - - - - - http://etfdailynews.com/2013/09/12/why-investing-in-silver-is-beating-gold/
companies mining in Mexico had a poor day as the government threatened to impose a new mining royalty.
The proposed royalty is 7.5% of earnings before interest, taxes, depreciation and amortisation and up to 8% for precious metal miners.
Reports today suggested that a number of miners are already considering their investment plans following the tax move. The Mexican government is also considering a quarterly fee on mines that have not operated in over two years.
What is it you are trying to say labrow, AGQ have just raised all the cash they need for the acquisition, move and reconstruction of a bespoke mill and for a mine expansion plus in all probability some additional prospecting. You said they are tight for cash, what did you mean or were you referring to another company?
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